Regulation 52 Annual rate of partial retirement pensionI1
United Kingdom
(1)
This regulation applies if an active member of this scheme (P) exercises the partial retirement option in respect of part only of P’s accrued pensions in the office from which P is taking partial retirement.
(2)
The annual rate of partial retirement pension is calculated under regulation 47 (annual rate of full retirement pension (active members)) by reference to the amount of full retirement pension specified in the full retirement account.
(3)
Regulation 47 applies as if—
(a)
the reference to a full retirement pension were a reference to a partial retirement pension; and
(b)
the reference to the full retirement account were a reference to the partial retirement account.
Annotations
Commencement
- I1
Reg. 52 in force at 1.4.2022, see reg. 1(4)